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1. purchase of tally software is treated as assent or
indirect expenses , then underwhich group it comes on tally
2. outstanding expenses is under what group in tally
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Answer Posted / h.r. sreepada bhagi
Whatever asset is purchased it should be treated as Asset &
will appear in the Balance Sheet. Any software, which can be
used for more than one year shall be treated as asset.
In this case Tally Software should be treated as Asset &
Depreciation Charged on it should be treated as Asset.
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